Bin Laden group wins $9.4b contract

RIYADH - THE Saudi Bin Laden Group has won a 27.1-billion-riyal (S$9.4 billion) deal to build a new terminal and infrastructure at Jeddah international airport, the Saudi airports authority announced on Sunday.


The project, to be completed over 36 months, will expand the capacity of the King Abdul Aziz International Airport to 30 million passengers per year from the current traffic of 17 million passengers, the General Authority on Civil Aviation said in a statement.

The contract for the deal was signed on Saturday by Crown Prince Sultan bin Abdul Aziz, the country's defence and aviation minister, in Agadir, Morocco, the statement said. -- AFP